The Certificate of Deposit Index (CODI) is the 12 month average of the monthly average yields on the nationally published 3-Month Certificate of Deposit (CD) rates.

The projected future CODI index values are calculated by us using the statistically derived relationships between the Secondary-Market CDs, the 3-Month Treasury Bill index and the 1-Year Constant Maturity Treasury index. Our calculations are based on the implied forward Treasury Bill rates derived from the term structures of U.S. Treasury notes and bonds.

Source Data

The Constant Maturity Treasury (CMT) indexes are the weekly or monthly average yields on U.S. Treasury securities adjusted to constant maturities. Yields on Treasury securities at "constant maturity" are interpolated by the U.S. Treasury from the daily yield curve, which is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market.

The Treasury Bill (T-Bill) indexes are based on the results of auctions that the U.S. Treasury holds for its Treasury bills, notes and bonds.

Certificates of Deposit (CD) indexes are averages of the secondary market interest rates on nationally traded Certificates of Deposit.

Disclaimer

The CODI index forecast has been prepared by Mortgage-X for general illustrative purposes only.

The information contained on this web page is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. The calculation results should not be construed as a recommendation as to the advisability of applying for CODI-indexed ARMs.

Neither Mortgage-X nor any of the participating financial institutions is responsible in any manner for any damages whether direct, indirect, special or consequential, howsoever caused, arising out of use of this forecast, or reliance on the information it contains.

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